|
Trade brings in businesses which help to transform a place positively. Though it takes time for this transformation to come into effect, once the transformation comes in, it brings with it many positive repercussions.
The Tuticorin port is one such port that has been in constant development. In times of the worldwide downturn, it is natural for business to be affected. Due to this ports in India have resultantly taken a hit in terms of the growth. However compared to the other ports in the country the Tuticorin port, along with some other ports, has recorded positive growth inspite of the downturn. For the period of April to May 2009, the port has grown at 2.66%.
This growth can be attributed to favorable government policies. The Shipping ministry has now decided to award six port expansion projects worth Rs 3,319 crore, to be developed on a publicprivate partnership (PPP) basis, as part of its official agenda for the next 100 days.
A container terminal will be set up for the Tuticorin port. A container terminal spells into an increase in business and with the port growing at 2.66% in spite of the downturn, more trade is bound to take place. This will translate into Tuticorin and surrounding regions attracting infrastructure.
These developments in the fast growing Tuticorin port bring appreciation to three properties, The Dove in Ottappidaram, The Wave in Silangulam and Vismaya in Kudhiraikulam.
Distance to the port: The Dove = 24.33 km, The Wave = 37 kms, Vismaya = 38 kms
The growth seen in the port in spite of the downturn would eventually bring in infrastructural developments to the surrounding areas. These areas would in turn become attractive and ultimately draw interest. Investing in real estate requires patience and appreciation will eventually be seen in the immediate future. The Tuticorin port is playing a major role to bring in this appreciation
|
